King Charles Evicts Harry and Meghan From House They Dont Live In. Williams, a former Texas secretary of state, made his fortune from a Weatherford car dealership inherited from his father. Other Central Texas lawmakers were ranked well below McCaul, Williams and Doggett: U.S. Rep. Lamar Smith, R-San Antonio, ranked 96th with $3 million net worth. Do we need to say more? Hollingsworth Capital Partners, which renovates factories. People are willing to pay the price, he said. he 15 wealthiest members of Congress are worth a combined $1.3 billion. The bulk of his fortune is from his wife, Linda, the daughter of the founder of the media giant iHeartRadio. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. His vast auto mall that sells Jeeps, Chryslers and Dodges as well as other lots and related businesses are worth about $25 million. The sport desperately needs to change, no matter how loudly purists complain. Tasos Katopodis/Getty Images for MoveOn.org, Michael Brochstein/SOPA Images/LightRocket via Getty Images. But before many of them arrive in government, they've made millions in the private sector. Biden Dares Republicans to Go After Obamacare and Medicaid. It Sure Doesnt Seem Like Havana Syndrome Is Russias Fault. His wealth comes from a diverse portfolio full of emerging growth and startup investments in Colorado and Japan, including a more than $1 million stake in Aquacopia, the world's only aquaculture venture capital firm. Three other Texans made the top-50 list, while one Texan was on the list of poorest members. Phillips, who joined Congress in 2019, reported at least $2 million in liabilities in the form of mortgages. Top editors give you the stories you want delivered right to your inbox each weekday. Rep. Lucille Roybal-Allard, a Democrat from California: -$1,008,000, Rep. Steven Horsford, a Democrat from Nevada: -$1,047,992, Sen. Cynthia Lummis, a Republican from Wyoming: -$1,401,991, Sen. Tammy Duckworth, a Democrat from Illinois: -$1,877,936, Rep. August Pfluger, a Republican from Texas: -$2,000,002. Armie Hammer Biography- Wife, Batman & Net Worth. Democratic Sen. Richard Blumenthal of Connecticut has significant assets from real estate across New York, partly due to his wife, Cynthia Malkin. The congressional money list is in and Texas can once again claim some high rollers, or at least high earners, with the wealthiest members of Congress from the Lone Star State topped by three Austin members: Michael McCaul, Roger Williams and Lloyd Doggett. So, who's got the highest net worth in the House and Senate? Here are the richest members currently serving in the House and Senate, based on their reported net worth. Most of his fortune comes from his wife, Linda McCaul. Scott holds this spot for a few reasons. Linda Kasabian cause of death. Conn Distinguished New Venture Leader Award, Texas A&M University, 2000. Darrell Issa only started serving in his current district (California's 50th congressional district) in 2021, but he first became a member of the House of Representatives in 2001. The district was thought to be so heavily Republican that no Democratic candidate even filed, effectively handing the seat to him. In an era of intense political polarization in Washington, it seems that both parties in Congress can finally agree on at least one important thing: they're both richer than ever. The lawyer and former federal. The management consulting firm made him vice president the year after he joined, and a few years later, Romney started private equity firm Bain Capital. Scott holds this spot for a few reasons. McCaul's net worth increased from $20.9 million to $26.7 million in two years. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. Members of Congress earn a salary of $174,000. This password will be used to sign into all, How the Richest Member of Congress Got That Way. You\'ll receive the next newsletter in your inbox. He serves on the boards of Live Nation Entertainment, Digital Defense, Spinal Stabilization Technologies, BuildGroup Technology Fund, Saint Marys Hall and San Antonio Academy. In a poll, 78 percent of voters from the Third Congressional District say theyve seen enough of their representative. That trust generated more than $1 million in income last year. Much of his wealth comes from the trust of his wife Cynthia, daughter of New York real estate tycoon Peter Malkin. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Michael McCaul, one of Congress' richest members, used more water in 2017 than any Austin resident, Highland Park residents used about three times as much water, Author of Texas drag bill says video of him wearing dress was a joke back in school, Judge rules in favor of Michael Irvin in request for expedited evidence in $100M lawsuit, Dallas-Fort Worth could see severe thunderstorms, large hail, tornadoes Thursday, Former DPD chief David Brown returning to North Texas after resigning as Chicagos top cop, Corby Davidson, radio co-host of The Tickets Hardline, has rare benign tumor, New apartment project coming for Allens downtown district, Smoke-filled Spirit Airlines flight from DFW Airport diverted after battery fire, Target plans new store in Oak Cliffs Wynnewood Village, Southwest Airlines ups its caffeine game by introducing in-flight bottled iced coffee, Ray Washburne buys downtown Dallas landmark Founders Square building, Oak Cliff apartment project will bring affordable units, skyline view of Dallas, Ray Davis optimistic, anxious about Rangers season amidst tumultuous TV situation, Hot List: 16 great restaurants to visit in Dallas-Fort Worth in March 2023, Ross Perot Jr.s Hillwood buys California NASCAR track for estimated $543.7 million. Recognizing the humanitarian crisis in Yemen, McCaul explained his belief that approving the resolution would "disrupt US security cooperation agreements with more than 100 countries.". Sen. Dianne Feinstein, California, Democrat $96,518,036. Michael McCaul Net worth Growth. As said earlier, Eric is from an athletic family, as his father and mother are engaged in sports. But before many of them arrive in government, they've made millions in the private sector. Oct. 29, 20153 PM Central. Submit a correction suggestion and help us fix it! Four years later, he was re-elected to a fourth term with 76% of the vote against Democratic candidate Ted Ankrum (22%) and Libertarian candidate Jeremiah "JP" Perkins (1 percent). During that time frame, Clear Channel grew into a Multi Media Company in Radio, Outdoor, Television and Live Events. Rep. Roger Williams (R-Texas). In 2012, Highland Park residents used about three times as much water per day than the average Dallas resident, most of it for landscaping. In 2004, he was inducted into the Radio Hall of Fame and received the Lifetime Achievement Award, National Association of Broadcasters. Michael McCaul Net Worth. DelBene's wealth is spread out among mutual funds, exchange-traded funds, and real-estate funds. The only liability Blumenthal reported was the 30-year mortgage his wife took out on their home in 2011. Meijer reported at least $1.95 million in liabilities in the forms of a mortgage, lines of credit, and promissory notes. In December 2016, the House Republican Conference voted to appoint McCaul for a third term as the chairman of the House Committee on Homeland Security Committee. form of debt, like a mortgage, but he hasn't publicly filed any kinds of liabilities. McCaul's spokeswoman told the newspaper the family has had chronic pipe issues. He is the wealthiest Democrat in Congress and the only current member who has been a CEO of a publicly traded company. Republican Rep. Paul Mitchell of Michigan is not the hair products icon of the same name, but has been a corporate executive with a sizable portfolio. Tom Williams/CQ Roll Call. In 2006 he defeated Democratic candidate Ted Ankrum and former Libertarian presidential candidate Michael Badnarik with 55% of the vote. The selection follows McCaul's recent publication of "A National Strategy to Win the War Against Islamist Terror", a compilation of more than 100 counterterrorism strategies and recommendations. A newcomer to Congress in 2021, nearly all of Jacobs' wealth is stored in a trust that was created in 2009. Issa's net worth takes a hit from his margin account, which holds him liable for more than $50 million. Republican Rep. Roger Williams of Texas owns and operates auto dealerships all across the Lone Star . McCaul Leaps to Top of 50 Richest Members of Congress, Do Not Sell or Share My Personal Information. Congress membersthey're just like us! 2023 Celebrity Net Worth / All Rights Reserved. The congressman's wife, Lynn Gorguze, is the president and CEO of a private equity firm, Cameron Holdings. The Brutal Layoffs at Twitter Just Keep Coming. Matsui also might be the most relatable person on this list. Submit a correction suggestion and help us fix it! Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. Mrs. McCaul has a Master's Degree in oceanography and geology. Finally, Scott has co-founded two healthcare companies: Columbia Hospital Corporation (which changed its name to HCA Healthcare) and Solantic. His wife Linda is the daughter of Clear Channel founder Lowry Mays. Matsui's husband, Roger Sant, is the founder of the AES Corporation, a Fortune 500 holding company specializing in electricity generation and distribution. Libertarian Mike Ryan Held another 6,627 votes (2.5 percent). Linda Kasabian Bio, Cause of Death, Net Worth, Age, Husband, Children, Parents, Siblings. On December 18, 2019, McCaul voted against both articles of impeachment against Trump. She is a journalism graduate of The University of Texas at Austin and has previously interned for USA TODAY College, The Austin American-Statesman and The Daily Dot. Politics is often called a rich man's game, and that holds true for the 10 richest members of Congress. In her first term, she acquired a $500,000 Bank of America mortgage on her personal residence. We have estimated Before his election to Congress, The Chairman of the House Oversight Committee founded Directed Electronics, which manufactures car alarms (a LOT of them). She worked for the Office of Naval Intelligence and tracked Soviet submarines all over the world. Also learn how He earned most of networth at the age of 58 years old? By Paul V. Fontelo and David Hawkings. Matsui also might be the most relatable person on this list. In 2019, McCaul's net worth was estimated at $113 million, placing him second on the list of wealthiest members of Congress. Mark graduated from Vanderbilt with a B.A., cum laude, in Economics and Mathematics in 1985. Darrell Issa founded Directed Electronics, based in Vista, California. Together they own large stakes in companies like Facebook, Apple, Comcast and Disney. But many representatives and senators are independently wealthy from previous careers or significant gains they have made outside of their legislative work. Sure, you have political donations, fundraisers to drum up the money, and money from either the Democrats or Republicans, but it still is an expensive endeavor. And a linguist named Emily M. Bender is very worried what will happen when we forget this. A large portion of Dianne Feinstein's wealth comes from her husband. Phillips has an ownership stake in several businesses, various stock holdings, mutual funds, government securities, various life insurance policies, and hedge funds. Prior to this, Randall spent over 15 years at Clear Channel Communications (now iHeartMedia) holding various leadership roles including Vice Chairman, President and CFO. Democratic Rep. Scott Peters of California had a long career as an attorney in high-profile cases. Net Worth in 2022: $300 Million: Net Worth in 2021: $275 Million: Net Worth in 2020: $250 Million: Net Worth in 2019: $225 Million: Net Worth in 2018: . With an estimated net worth of $3.6 billion, the former venture capitalist, tech investor and heir to the Hyatt Hotel chain poured $171.5 million into his 2018 gubernatorial campaign, setting a. In 2009, he received the Ward Quaal Pioneer Award, Broadcasters Foundation of America. 6.Sen. Defense attorney Joshua Ritter on why prosecutors have a tough path to conviction. As a result, McCaul's reported net worth jumped from at least $73.75 million in 2009 to at least $294 million in 2010, according to Roll Call's prior assessments. Linda McCaul: Divorce: N/A: Children: Caroline McCaul, Jewell McCaul, Lauren McCaul, Avery McCaul, Michael McCaul: Before venturing into politics, the 3-term senator and former Virginia governor ran a venture-capital firm, Columbia Capital, and a telecom company, Capital Cellular Corporation. Khanna's father-in-law, Monte Ahuja, is also founder and CEO of the automotive transmission giant Transtar, another contributor to Rep. Khanna's substantial net worth. A comprehensive new government study concludes that the illness probably wasnt caused by foreign adversaries. He also has a blind trust worth at least $25 million that he set up after he was elected to Congress. Buchanan also has an LLC, Aircraft Holding & Leasing, which is worth up to $50 million. She is the daughter of Lowry Mays, the founder of the largest owner of radio stations in the country, iHeartMedia. Matsui's listed holdings were spread out among exchange-traded funds, money-market funds, limited liability companies, and trusts. The senator is the cofounder of two healthcare companies: Columbia Hospital Corporation (now HCA Healthcare) and Solantic. Hern disclosed two liabilities: at least $500,000 used to purchase a McDonald's restaurant, and at least $1 million that his spouse used to buy a separate company. She reported at least $165,000 in credit card debt liabilities; have increased their credit card debt since the pandemic began. Linda Mays McCaul Member at Large Mrs. McCaul has a Master's Degree in oceanography and geology. Republican Rep. Francis Rooney of Florida has earned a large fortune from his business, Manhattan Construction Group, which has built massive projects such as Cowboys Stadium. Kara Swisher talks with the Council on Foreign Relations president about Bidens spy-balloon-size missed opportunity. In the early 1980s, he convinced some investors to help him buy cellular telephone licenses and he acquired a big stake in Nextel. She helped the Army obtain environmental permits to destroy the chemical weapons stockpiled in the U.S.Linda is the daughter of Peggy and Lowry Mays. He currently serves on the Mays Business School Dean's Advisory Board. The tiered rates don't help, Bill Lindley, Highland Park town manager, told The Dallas Morning News in 2012. McCaul's minimum net worth has more than sextupled since his first financial disclosure report covering 2004, when his minimum net worth hovered around $12 million. Rick Scott is the wealthiest member in Congress, with a net worth north of $200 million. Insider used these members' "candidate reports," some of which include financial data from 2021. Access your favorite topics in a personalized feed while you're on the go. Rep. Chris Collins of New York, the first elected Republican to endorse Donald Trump's 2016 presidential bid, owns stake in various companies ranging from manufacturing to biotechnology. Michael McCaul (R-TX) Net Worth: $117.5 million. The West Virginia Senator is the great-grandson of theoil tycoon John D. Rockefeller. Access your favorite topics in a personalized feed while you're on the go. Rep. Ralph Norman, a Republican from South Carolina, now appears among the Top 25. He did this before he turned 40, which is when he turned his ambitions towards politics. Michael McCauls income source is mostly from being a successful Politician. In Highland Park in 2006, Harlan Crow poured more than 1.8 million gallons of water on his 7.7-acre property in one month. Filers for the 2020 fiscal year were allotted an extra three months to submit their disclosures because of the pandemic. She attended the University of Miami (B.S.) How he got there: Williams inherited and expanded the Fort Worth-area car dealership business of his father, Jack Williams. Romney also reported $4.5 million in "capital commitment" liabilities from his wife. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. AUSTIN In Texas, having lots of green in the bank means having a lush green lawn, too. Linda McCaul is the daughter of Lowry Mays, the founder of the San Antonio-based Clear Channel Communications and its chairman until a stroke sidelined him in 2005. Starting. They then sold it off for at least $2.5 million. Feinstein was also one of 52 members of Congress that violated the STOCK Act when she was late in disclosing a five-figure payment her husband made to a polling company directed at young people. Here are the wealthiest members of Congress: Sen. Rick Scott, Florida, Republican $200,327,223. His wealth, or rather, inheritance/trust fund/things rich people have, is concentrated in a few blind trusts. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000. Blum is an investor and the president and chairman of Blum Capital, a private equity company. Eric Cole comes from an athletic family background as he was born to his parents, Laura Baugh (Mother) and Bobby Cole (Father), on June 12, 1988. 2023 www.statesman.com. Collins was recently stripped of his committee assignments after being indicted for insider trading. Pelosi's husband had holdings in corporations such as Slack, Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix companies that together spend tens of millions of dollars each year lobbying the federal government. Michael McCaul's net worth Mr. Mays, Founder and Chairman Emeritus of Clear Channel Communications, served on the Board of Regents of Texas A&M University, where the Mays School of Business bears his name. All of Beyer's assets were jointly owned, in a combination of stocks, government securities, and real property. In April 2019, McCaul spoke out against a resolution that would end US involvement in the Yemeni Civil War. In 2011, Roll Call named McCaul as one of the wealthiest members of the United States Congress, surpassing then U.S. McCaul, a Republican and a perennial on the rich list, has a net worth of $113 million, making him the fifth-wealthiest lawmaker of the 530 members of the U.S. House and U.S. Senate (there are a few vacancies) and the richest among Texas lawmakers. His biggest investments are in Vanguard funds. Qualcomm is also her biggest campaign contributor at around $27,400 over her career as a Congress member. Gorguze'scontribution to the family household is significant, as she has at least $14 million in assets of her own. Democratic Sen. Mark Warner of Virginia is the richest senator, earning his wealth through real estate, energy, and telecommunications. At least four of the other households on Austin's top 10 list for water usage are in the same neighborhood. By clicking Sign up, you agree to receive marketing emails from Insider Rep. Michael McCaul, R-Texas. McCaul, chairman of the House Homeland Security Committee, is the fifth-richest member of Congress with a net worth of $113 million, according to Roll Call. Trone's wife independently owned stock in Alphabet, Apple, and Pepsi, among others. The 10 Richest Members Of Congress And How They Earned Their Fortunes, Nancy Pelosi Has A Surprisingly MASSIVE Personal Net Worth. McCaul Leaps to Top of 50 Richest Members of Congress [RollCall]. Born Michael Thomas McCaul on the 14th January 1962, in Dallas, Texas USA, he is a politician, a member of the Republican Party, and best known to the world as Roughly one in ten of the 535 members of the House and Senate rank among the nation's top one percent in terms of personalnet worth. Running for Congress costs cash money. Senator Warner made an enormous fortune as a venture capitalist making shrewd investments early on in the cellular phone industry. On December 11, 2013, McCaul introduced the National Cybersecurity and Critical Infrastructure Protection Act of 2013 (H.R. WASHINGTON U.S. Rep. Michael McCaul, R-Austin, is the second-richest member of Congress in 2015,according to anew list released by Roll Call. At one point Clear Channel owned over 1,200 Radio Stations, over 600,000 outdoor advertising displays, and various Television Stations and Live Event venues which operated in 65 countries and generated over $8 Billion in Revenue. 13. as well as other partner offers and accept our, Alex Wong/Getty Images; Kevin Dietsch/Getty Images; Bill Clark/CQ Roll Call; Hannah McKay-Pool/Getty Images; Rebecca Zisser/Insider, Chance Yeh/Getty Images for Power 100 Lunch, Bill Clark/CQ-Roll Call, Inc via Getty Images), Bill Clark/CQ-Roll Call, Inc via Getty Images, Tom Williams/CQ-Roll Call, Inc via Getty Images, Michael Brochstein/SOPA Images/LightRocket via Getty Images, Kent Nishimura / Los Angeles Times via Getty Images, Anna Moneymaker/The New York Times via AP, Pool, placed his assets in a qualified blind trust, acknowledged filing an incorrect personal financial disclosure. Roger Williams $27.7 million. Feinstein was one of 48 members of Congress who Insider and other media organizations found in 2021 to have violated the STOCK Act. RNC Loyalty Test Only Punishes Honest Candidates, Not Trump. Doris Matsui has built her fortune through exchange-traded funds, money-market funds, LLCs, and trusts. The Californians have been booted from Frogmore Cottage because the king (or the character invented by the U.K. press) has had enough of their abuse. Several cities try to conserve water by creating mandatory watering schedules for residents. He's also the vice-chair of the Senate Democratic Caucus and chair of the Senate Intelligence Committee. Insider's calculations are conservative estimates based on the minimum values disclosed by members. McCaul is the second-richest member of Congress, worth an estimated $113 million, according to CQ Roll Call. . The majority of Rep. McCaul's wealth comes from his wife, Linda McCaul, who is the daughter of Lowry Mays, the CEO and founder of Clear Channel Communications. His net worth was estimated at $294 million, which is approximately 300 percent higher than it was in the previous year ($74 million). She is also a member of the U.S. Congressional Club. The McCaul family chose to have some data about their usage redacted, the newspaper reported, but the house behind him on the list used 1,400,900 gallons. Senator John Kerry (D-MA). The 15 wealthiest members of Congress are worth a combined $1.3 billion. The congressman reported $4 million in liabilities in the forms of lines of credit, mortgages, notes payable, and a loan. Scott did not list any liabilities or debts in his filings. His wife, Linda McCaul, is the daughter of the founder of Clear Channel Communications, which is now called iHeartMedia. Rep. Michael McCaul, Texas, Republican $125,880,292. Rep. Peters' and his wife Lynn's wealth is the result of venture capital investing. On his financial disclosure, McCaul lists a new asset owned by his wife, the Linda McCaul Descendant Trusts, valued at more than $50 million. Insider's analysis does not include four members of Congress whose disclosures were uniquely complicated and lengthy, comprising hundreds of pages of handwritten or scanned documents: Reps. Ro Khanna of California, Vicente Gonzalez of Texas, Kurt Schrader of Oregon, and Harold Rogers of Kentucky. He is from American. Residents become desensitized to the cost and water their lawns as they choose. One of Norman's IRA's is worth at least $5 million. Kathryn's extensive board service also includes many years on the boards of YWCA and the American Cancer Society. Even though she was present at both the Tate and LaBianca murders, because she was the key witness in District Attorney Vincent Bugliosi's prosecution of Charles . His trial is set for early 2020. 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